NJ First Time Home Buyers Category

Who is buying real estate along the Midtown Direct Communities?
[youtube]http://www.youtube.com/watch?v=Mw0S3vH0X7I[/youtube]
First time home buyers have until April 30th
to be Under Contract and then must close by June 30th.
Are you ready?
Want to learn more about the towns along
the Midtown Direct Train line into NYC?
Contact Perri K. Feldman
973.650.4727Continue Reading!

Real Estate is local.
We all know that.
But it is nice to see that Optimism is Back for 2010 Real Estate.
I was recently at a Real Estate convention in NYC and here is what the "experts" had to say:
Ha Ha, yes that's me!
Enjoy!Continue Reading!

IT'S OFFICIAL!!!!....
THE TAX CREDIT HAS BEEN EXTENDED AND EXPANDED
Well...almost...
(President Obama still has to sign it, which he will)
Per Martin Straka, Mortgage Loan Officer with Bank of America:
On Thursday afternoon (11/5/090 the House of Representatives voted to pass the legislation extending the Tax Credit and Unemployment Benefits (HR 3548).Homebuyer Tax Credit: H.R. 3548 extends the $8,000 tax credit for first-time homebuyers for five months, from November 30, 2009 to May 1, 2010. In addition, the bill provides a $6,500 tax credit...Continue Reading!

You only have three more months
to take advantage of the 2009 Housing Tax Credit.
Still Confused as to whether you qualify?
There are still many opportunities to purchase an affordable home
along the Midtown Direct Train line in New Jersey.
If you want additional information about real estate in
South Orange, Maplewood,Millburn/Short Hills,
Summit, Chatham, Madison, Livingston or West Orange...
Contact Perri K. Feldman @ 973.650.4727
or Perri@MidtownDirectHomes.comContinue Reading!

Did you know that the Home Buyer Tax Credit can now be used for closing costs with FHA-approved lenders?
But "first-time home buyers" only have until December 1, 2009 to purchase their principal residence to take advantage of the credit.
The National Association of Realtors (NAR) has a very valuable website: http://www.housingmarketfacts.com/ with easy to understand question and answers for first-time New Jersey home buyers.
With historically low interest rates today (yes we are seeing them start to creep up!) and affordable housing prices in the key...Continue Reading!

There are a lot more homes on the market
in Madison, NJ than last year...
22 more (90 vs 68)!
But the good news is...22 homes are under contract at an average list price of $895,342.
The even better news, is that homes are selling both under $600,000 and over $1,000,000+
6 Under $500,000
5 $501,000-$600,000
2 $601,000-$700,000
2 $701,000-$900,000
2 $901,000-$999,999
5 $1,000,000+
Madison is a beautiful community, rich in history with two Universities and a newly renovated train station that makes the 5o minute train ride into Manhattan via the...Continue Reading!

The Livingston NJ Real Estate Market is Heating Up!
Forty homes have gone Under Contract in the past month.
The average list price of these homes is $611,694.
Ten Homes are in Attorney Review
with an average list price of $506,399.
What does this mean for Livingston, NJ home buyers?
With pretty much the same number of homes on the market as last year (158) and the average price of all homes on the market in Livingston at $870,195, this is the time to buy your first home at...Continue Reading!

South Orange, NJ currently has 134 homes for sale
at an average list price of $621,361.
Homes have been on the market on average 98 days.
So what priced homes are selling in South Orange, New Jersey?
Twenty-Three homes went Under Contract
in South Orange, New Jersey this past month.
3 Under $300,000
8 $301,000-$400,000
2 $401,000-$500,000
2 $501,000-$600,000
5 $601,000-$700,000
2 $701,000-$999,999
1 $1,000,000+
The average list price of those homes was $506,300 and they were only on the market for 69 days on average.
How does that compare to last year? Pending sales are...Continue Reading!

At lunch yesterday after the Center Court Member Guest,
I was asked
How is the Millburn/Short Hills Real Estate Market?
Houses are moving after a sluggish early spring,
especially if they are priced right!
And, what priced houses are moving?
In the past month, 35 homes have gone under contract at all different price points
5 Under $500,000
6 $501,000 to $750,000
4 $751,000 to $999,999
11 $1,000,000 to $1,499,999
5 $1,500,000-$1,999,999
4 $2,000,000+
Short Hills Median List Prices are falling whereas Millburn Median List Prices are holding pretty steady.
Want to learn more about...Continue Reading!

South Orange is a Terrific Town
for First Time Home Buyers.
Danielle Elliot writes in South Orange Patch how desirable Midtown Direct Train communities are for NYC transplants.
Perri Feldman, a realtor with the Summit-based Keller Williams, says the sluggish economy hasnt substantially slowed the trend. At least 80 percent of her clients are from the New York City area. These first-time buyers are looking to put their savings into something solid, hoping that €œif they do lose their jobs, they have hopefully...Continue Reading!

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About Perri

"Perri was very reactive AND proactive. Clearly, she has an excellent grasp of the towns and counties she covers and went the extra mile to educate us on an area we were not entirely familiar with." Steve & Laura Lee